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AP Microeconomics
Basic Economic Concepts Unit 1
--What is Economics?
--Micro vs. Macro
--Scarcity and Opportunity Cost
--Marginal Analysis
--Production Possibilities Frontiers
--Economic Systems
Demand/Supply/Equilibrium Unit 2
Costs of Production Unit 3



ECONOMICS College Prep
Basic Economic Concepts CPE CH 1 & 2
Demand and Supply Ch 3
Equilibrium Ch 4
Floors/Ceilings/Elasticity CH 4/7

Equilbrium

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Equilibrium

Surplus vs. Shortage

Changes in Demand impact on Equilibrium

Changes in Supply Impact on Equilibrium

Double Shifts

Price Controls

Elasticity

Consumer and Producer Surplus and Market Efficiency

Tax Incidence and Deadweight Loss

Theory of Consumer Choice

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